IIMs asked to evolve uniform fee structure

The Union Human Resource Development Ministry today asked the Indian Institutes of Management (IIMs) to evolve a uniform fee structure and gave them a month's time to resolve the "complex issue".

The decision was taken at the end of a two-hour meeting convened by the HRD Minister, Arjun Singh said a timetable, had been drawn up for addressing the fee hike issue.

As per this timetable, the IIM directors will discuss among themselves a uniform fee structure on June 6. They will return to the Ministry on june 8 with a "consensus formula" to break the six-month-old impasse over fee reduction.

With some of the IIMs' chairpersons likely to be out-of-station in the coming weeks, the six institutions have been given time till June 25 to convene meetings of their boards to finalise the "consensus formula" Mr. Singh said "this approach is necessary because the Government respects and believes in the principle of autonomy to all institutions of higher learning"